An income which is not declared by a person or a group of persons in a nation is termed as? [#906] | SPPMMC

An income which is not declared by a person or a group of persons in a nation is termed as? [#906]

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Q1. An income which is not declared by a person or a group of persons in a nation is termed as?
Q1. An income which is not declared by a person or a group of persons in a nation is termed as?

(A) High powered money
(A) High powered money
(B) Fiat money
(B) Fiat money
(C) Hot money
(C) Hot money
(D) Black money
(D) Black money
Answer: (D) Black money
Answer: (D) Black money
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.

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@906

2024-03-03

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